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assumed the payment of Mr. Blessing's note, as the first instalment upon his stock, Joseph was compelled to prepare himself for future emergencies. A year must still elapse before the term of the mortgage upon his farm would expire, but the sums he had invested for the purpose of meeting it when due must be held ready for use. The assurance of great and certain profit in the mean time rendered this step easy; and, even at the worst, he reflected, there would be no difficulty in procuring a new mortgage whereby to liquidate the old. A notice which he received at this time, that a second assessment of ten per cent, on the Amaranth stock had been made, was both unexpected and disquieting. Mr. Blessing, however, accompanied it with a letter, making clear not only the necessity, but the admirable wisdom of a greater present outlay than had been anticipated. So the first of April—the usual business anniversary of the neighborhood—went smoothly by. Money was plenty, the Asten credit had always been sound, and Joseph tasted for the first time a pleasant sense of power in so easily receiving and transferring considerable sums.

One result of the venture was the development of a new phase in Julia's nature. She not only accepted the future profit as certain, but she had apparently calculated its exact amount and framed her plans accordingly. If she had been